iShares Environmental Infrastructure and… (EFRA) Performance
EFRA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +7.1% since Dec 31, 2025
- 1 year
- +5.0% total return
- 3 years
- +16.1% a year
- Since first price
- +12.9% a year since 2022
EFRA trailing returns vs SPY, QQQ, AGG
| Period | EFRA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.3% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −1.8% | +7.8% | +8.4% | −1.5% |
| YTD | +7.1% | +6.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +5.0% | +0.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +56.6%+16.1%/yr | +42.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionNov 3, 2022 | +62.0%+12.9%/yr | +45.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: EFRA vs SPY
From Nov 3, 2022: EFRA grew to $16,201, SPY to $21,574.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
EFRA returns by calendar year
3 of 3 full years positive. Best 2023 (+14.5%), worst 2024 (+8.1%). 2026 is year to date.
EFRA annual returns table
| Year | EFRA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +7.1% | −11.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +13.8% | −12.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.1% | −7.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +14.5% | −15.7% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
EFRA largest drawdowns
Now 5.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Sep 19, 2024 | −16.2% | Apr 8, 2025 | May 19, 2025 | 7 months | 8 months |
| Jul 31, 2023 | −15.7% | Oct 27, 2023 | Dec 19, 2023 | 3 months | 5 months |
| Feb 27, 2026 | −11.2% | Mar 20, 2026 | not yet | 21 days | 8 months so far |
| Feb 2, 2023 | −10.1% | Mar 17, 2023 | Jul 13, 2023 | 43 days | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
EFRA risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +13.1% | +9.1% |
| Volatility (annualized) | 14.2% | 15.1% |
| Sharpe ratio | 0.63 | 0.36 |
| Sortino ratio | 1.04 | 0.57 |
| Best month | +9.8% | +9.8% |
| Worst month | −8.3% | −8.3% |
| Best 12 months | +33.2% | +33.2% |
| Worst 12 months | +2.1% | +1.4% |
| Positive months | 56% | 54% |
| Beta vs S&P 500 | 0.61 | — |
| Correlation with S&P 500 | 0.53 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
EFRA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 36 | +1.4% | +10.6% | +33.2% | 100% |
| 3-year (a year) | 12 | +10.0% | +12.1% | +15.6% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
EFRA performance overview
iShares Environmental Infrastructure and… (EFRA) returned +5.0% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +12.9% a year, turning $10,000 into about $16,201. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −16.2%, from Sep 19, 2024 to Apr 8, 2025, and it took 41 days to get back to the old high. EFRA finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+14.5%) and the worst 2024 (+8.1%). Volatility has been 15.1% a year.
Related: EFRA chart, EFRA holdings, EFRA dividends. See the EFRA overview for the latest quote and fund facts.
EFRA performance FAQ
What is the EFRA return over the past year?
EFRA returned +5.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.6%.
How much would $10,000 invested in EFRA be worth?
$10,000 invested in EFRA at its first recorded close on November 3, 2022 would be worth about $16,201 on October 23, 2026 with distributions reinvested.
What was the worst year for EFRA?
The worst calendar year was 2024, with a total return of +8.1%. The best was 2023 at +14.5%.
What is the biggest drawdown of EFRA?
The largest peak-to-trough decline was −16.2% between September 19, 2024 and April 8, 2025. It recovered to the old high on May 19, 2025, 41 days after the bottom.
How volatile is EFRA?
Over the past 3 years EFRA had an annualized volatility of 14.2% and a Sharpe ratio of 0.63 (excess return over 1–3 month T-bills per unit of risk).